Luxembourg Times recently hosted a discussion with industry experts on the Grand Duchy’s place as an alternative funds leader.
Apex Group’s chief operating officer, Kavitha Ramachandran, and fellow panellist agreed that agility is key to the future of the alternatives industry. She said that other jurisdictions are clearly trying to learn from Luxembourg’s success and its solid foundations. But Ramachandran also urged vigilance in the face of industry developments. “One acronym I recently came across was VUCA, which stands for volatility, uncertainty, complexity and ambiguity. And I think that’s the sort of world we all live in today,” she said.
Asked by moderator Kabir Agarwal from Luxembourg Times about the impact of new technologies including tokenisation, Ramachandran said that the industry needs to gear itself up for disruption, which is already taking place right now to some extent. But she also thinks tokenisation will bring more transparency. “And I think that’s one of the key things, clearly, that investors are looking for."
Talent attraction is another challenge for Luxembourg, as it is in many financial centres. Ramachandran said that the diversity of Luxembourg’s financial centre is a positive for many people. She cited the efforts being made by the Association of the Luxembourg Fund Industry ("Alfi") and the University of Luxembourg in setting courses and bringing the right people to the Grand Duchy. The government’s programme of establishing public English-language schools was also a bonus, according to Ramachandran.
You can read the full article on Luxembourg Times
